Nwam LLC Takes Position in British American Tobacco p.l.c. (NYSE:BTI)

Nwam LLC bought a new position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 31,637 shares of the company's stock, valued at approximately $1,157,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BTI. O Brien Greene & Co. Inc increased its position in shares of British American Tobacco by 1.7% during the second quarter. O Brien Greene & Co. Inc now owns 17,102 shares of the company's stock worth $529,000 after acquiring an additional 289 shares during the period. First City Capital Management Inc. lifted its holdings in British American Tobacco by 2.8% during the 3rd quarter. First City Capital Management Inc. now owns 10,890 shares of the company's stock worth $398,000 after buying an additional 300 shares during the last quarter. Grove Bank & Trust lifted its position in British American Tobacco by 11.0% in the third quarter. Grove Bank & Trust now owns 3,176 shares of the company's stock valued at $116,000 after acquiring an additional 314 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in British American Tobacco by 4.2% in the first quarter. 1832 Asset Management L.P. now owns 8,969 shares of the company's stock valued at $274,000 after acquiring an additional 363 shares in the last quarter. Finally, Greenleaf Trust grew its holdings in shares of British American Tobacco by 1.8% during the third quarter. Greenleaf Trust now owns 21,211 shares of the company's stock worth $776,000 after purchasing an additional 376 shares during the last quarter. 21.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com cut British American Tobacco from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Barclays upgraded shares of British American Tobacco to a "strong-buy" rating in a research report on Thursday, October 17th. Finally, Morgan Stanley cut shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a report on Thursday, October 3rd.

British American Tobacco Stock Performance

Shares of NYSE BTI traded up $0.40 during midday trading on Friday, reaching $37.38. 2,747,308 shares of the company were exchanged, compared to its average volume of 4,284,967. The stock has a fifty day simple moving average of $35.95 and a 200 day simple moving average of $34.40. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The stock has a market cap of $77.73 billion, a P/E ratio of 7.84 and a beta of 0.53. British American Tobacco p.l.c. has a 1 year low of $28.25 and a 1 year high of $39.54.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.